"Extreme bargains" during crisis era - eviltoast

Im too young to remember pre-crisis age (before 2008) so I dont know if its new “normal” on market. Its a scheme that takes advantage of rapidly changing prices of everything.

Typical cycle Im talking about:

  1. Shop prices good at market price.
  2. *severe crisis*
  3. Market price rises to historic level never seen before
  4. Shop adjusts price to market level
  5. *crisis ends*
  6. Market price drops to normal
  7. Shop: OMFG -60% DISCOUNT!!!
  8. Any news site these days spams “articles” how every shop has same discounted item from any brand

This rages me. Worst thing is politicians use the same pattern. When war in Ukraine will end is unknown, but certain is that politicians that will be ruling will say cheap gas is their credit. Then they will point at party that was ruling before them and say “Look at these bastards, THEY made gas expensive and WE made it cheap”.

Same situation when games sequel is released. They advertise sequel, wait till people see its moneygrab and forget about. People forget and shops sell previous version at huge discount.

  • HobbitFoot @thelemmy.club
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    1 year ago

    A lot of the financial industry is degenerate gambling, as it is people going to “experts” to get rid of risk.